International Trader - Europe

Richemont's Rich Promise

The Swiss luxury-goods maker's long-term outlook is strong.

When Cie. Financière Richemont's founder and chairman, Johann Rupert, announced a year-long sabbatical in May, he joked that the 8% share spike back then was because "people are very relieved I'm getting out of here." It was more likely the 30% rise in annual net profit that did it for the Swiss luxury watch and jewelry maker, and there's plenty more growth to come. That...